Representative Image (SAM PANTHAKY/AFP/Getty Images)Kakinada Gateway port (KGPL) has inked an agreement with Andhra Pradesh government to develop greenfield commercial port in Kona village of Godavari district to facilitate Kakinada SEZ.
The port is to be built by GMR Infrastructure on design, build, finance, operate and transfer (DBFOT) basis. The port will cover an area of 1,811 acres owned by KSEZ as reported by Press Trust of India.
The port is expected to generate employment for 3,000 people in a period of one to three years with an investment of Rs 2,123 crore, said the filing. The Kakinada SEZ industrial park is at an advantage as it is located on Vizag-Chennai Industrial corridor and has around 8,521 acres of industrial land along with the planned 1,811-acre greenfield commercial port.
Companies are queuing up to set up plants in the Kakinada SEZ as it is blessed with surplus water and power and assured supply of gas by Andhra Pradesh Gas Distribution Corporation. The industrial park at Kakinada will be the first to get piped natural gas supply in the whole of the eastern coast.
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.